ACTIVE

WARNEZ

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Financial year 2025 · closed on 30/09/2025

Net result

-2 M €

-472.0% YoY

Revenue

35,4 M €

-12.3% YoY

Equity

8 M €

-22.4% YoY

Workforce

41,9 ETP

+1.7% YoY

What does WARNEZ do?

WARNEZ is a Public limited company incorporated in 1992. Its main activity is: Wholesale of fruit and vegetables. Its registered office is in Tielt. It employs on average 41,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.230.772

Incorporation

27/04/1992

Legal form

Public limited company

Registered office

Mariënhovestraat 6
8700 Tielt · FlandreSee on map

Contributed capital

5 129 770,47 €

Latest accounts

30/09/2025

Average workforce

41,9 ETP

Activities (NACE)

46319Wholesale of fruit and vegetables· main 46319Wholesale of fruit and vegetables 46381Wholesale of other food, including fish, crustaceans and molluscs 46382Wholesale of other food, including fish, crustaceans and molluscs 51310Air transport 51382Air transport

Joint committees (5)

Signals

Solid equityLow riskGood liquidityHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	35,4 M €	-12.3%	40,3 M €	-5.1%	42,5 M €	+40.9%	30,2 M €	+4.0%	29 M €	+11.9%	25,9 M €	-23.2%	33,7 M €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-481,2 k €	-119%	2,5 M €	-38.1%	4 M €	+496%	669,4 k €	-65.7%	2 M €	-39.0%	3,2 M €	-42.6%	5,6 M €	+42.5%	3,9 M €	-19.2%	4,8 M €	-38.4%	7,9 M €	+417%	1,5 M €	-15.3%	1,8 M €	-2.5%	1,8 M €	+67.4%	1,1 M €	-54.2%	2,4 M €	+48.1%	1,6 M €	-27.7%	2,2 M €	-14.5%	2,6 M €	-44.5%	4,7 M €
Operating result	-1,9 M €	-357%	754,9 k €	-67.6%	2,3 M €	+309%	-1,1 M €	-960%	129,6 k €	-93.0%	1,9 M €	-48.9%	3,6 M €	+71.7%	2,1 M €	-31.4%	3,1 M €	-37.3%	4,9 M €	+2324%	202,3 k €	-61.9%	530,3 k €	-48.8%	1 M €	+137%	437,1 k €	-70.9%	1,5 M €	+245%	435,6 k €	-46.6%	816,4 k €	+4.2%	783,2 k €	-60.9%	2 M €
Net result	-2 M €	-472%	529,1 k €	-73.4%	2 M €	+278%	-1,1 M €	-943%	132,7 k €	-90.5%	1,4 M €	-45.3%	2,6 M €	+69.5%	1,5 M €	-29.7%	2,2 M €	-37.3%	3,4 M €	+1779%	182,6 k €	-73.3%	684,1 k €	-15.4%	808,6 k €	+105%	395,1 k €	-63.7%	1,1 M €	+172%	399,6 k €	-40.3%	669,6 k €	+17.4%	570,4 k €	-64.9%	1,6 M €
Balance sheet
Equity	8 M €	-22.4%	10,3 M €	+4.8%	9,8 M €	+24.4%	7,9 M €	-13.1%	9,1 M €	-30.2%	13,1 M €	+11.5%	11,7 M €	+3.4%	11,3 M €	+1.5%	11,2 M €	+19.1%	9,4 M €	+35.5%	6,9 M €	+1.4%	6,8 M €	+6.6%	6,4 M €	+33.1%	4,8 M €	+4.1%	4,6 M €	+23.7%	3,7 M €	+5.4%	3,5 M €	+10.3%	3,2 M €	+15.4%	2,8 M €
Total assets	19,5 M €	-9.2%	21,4 M €	-7.7%	23,2 M €	+8.9%	21,3 M €	+0.2%	21,3 M €	-24.9%	28,3 M €	+4.0%	27,2 M €	+38.1%	19,7 M €	+4.2%	18,9 M €	+0.0%	18,9 M €	+22.6%	15,4 M €	+20.6%	12,8 M €	+24.4%	10,3 M €	+45.8%	7,1 M €	+12.2%	6,3 M €	+4.0%	6 M €	-6.1%	6,4 M €	-6.8%	6,9 M €	+20.3%	5,7 M €
Cash	71,3 k €	-54.7%	157,5 k €	-71.2%	546,7 k €	-22.1%	702,2 k €	+12.1%	626,6 k €	-77.0%	2,7 M €	+172%	1 M €	-41.4%	1,7 M €	-49.8%	3,4 M €	+90.2%	1,8 M €	+1045%	156,5 k €	-92.7%	2,1 M €	+237%	635,1 k €	-58.9%	1,5 M €	-20.4%	1,9 M €	+181%	690,7 k €	-17.8%	840,4 k €	+53.1%	548,7 k €	-49.8%	1,1 M €
Debts	11 M €	-0.1%	11 M €	-15.9%	13 M €	-1.3%	13,2 M €	+8.9%	12,1 M €	-20.4%	15,2 M €	-1.6%	15,5 M €	+85.7%	8,3 M €	+10.6%	7,5 M €	-19.5%	9,4 M €	+14.9%	8,1 M €	+40.8%	5,8 M €	+52.7%	3,8 M €	+69.3%	2,2 M €	+34.8%	1,7 M €	-27.9%	2,3 M €	-20.2%	2,9 M €	-21.5%	3,7 M €	+25.8%	2,9 M €
Other
Workforce	41,9 ETP	+1.7%	41,2 ETP	+7.0%	38,5 ETP	+3.5%	37,2 ETP	+2.8%	36,2 ETP	-7.4%	39,1 ETP	-3.0%	40,3 ETP	-15.9%	47,9 ETP	+1.3%	47,3 ETP	+4.4%	45,3 ETP	+3.2%	43,9 ETP	+10.0%	39,9 ETP	+10.2%	36,2 ETP	+9.0%	33,2 ETP	+7.4%	30,9 ETP	+4.4%	29,6 ETP	+9.2%	27,1 ETP	+6.3%	25,5 ETP	+5.4%	24,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 15 ended

Active mandates

Charlotte WARNEZ

Managing director · since 01 octobre 2024 · until 01 octobre 2030

Active

VIPACO

Managing director · since 01 octobre 2024 · until 01 octobre 2030 · 1002.094.033

Represented by Philippe OPSOMER

Active

WAVANTI

Managing director · since 29 septembre 2020 · until 29 septembre 2026 · 0733.543.395

Represented by Jan WARNEZ

Active

Ended mandates

GREFI

Managing director · since 29 septembre 2020 · until 29 septembre 2026 · 0733.539.437

Represented by Filip WARNEZ

Ended

GREFI

Managing director · since 01 septembre 2019 · until 01 septembre 2025 · 0733.539.437

Represented by Filip WARNEZ

Ended

WAVANTI

Managing director · since 01 septembre 2019 · until 01 septembre 2025 · 0733.543.395

Represented by Jan WARNEZ

Ended

Filip Warnez

Director · since 30 novembre 2015 · until 30 novembre 2021

Ended

At this address

Other companies at this address

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AGRIPOM IMMO● Active	0844.822.983
PantaRei Groep● Active	0828.292.403
POM GROEP● Active	0848.070.901
TerraRoots Holding● Active	1013.929.419

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/01/2020
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	9 months
Filing date	30/04/2026	25/04/2025	26/04/2024	27/04/2023	27/04/2022	22/04/2021
General meeting	31/03/2026	28/03/2025	29/03/2024	11/04/2023	31/03/2022	31/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	31/03/2026	30/04/2026	Dutch	PDF
Full model	30/09/2024	28/03/2025	25/04/2025	Dutch	PDF
Full model	30/09/2023	29/03/2024	26/04/2024	Dutch	PDF
Full model	30/09/2022	11/04/2023	27/04/2023	Dutch	PDF
Full model	30/09/2021	31/03/2022	27/04/2022	Dutch	PDF
Full model	30/09/2020	31/03/2021	22/04/2021	Dutch	PDF
Full model	31/12/2019	29/06/2020	29/07/2020	Dutch	PDF
Abridged model	31/12/2018	30/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/05/2015	31/10/2015	06/11/2015	Dutch	PDF
Abridged model	31/05/2014	25/10/2014	17/11/2014	Dutch	PDF
Abridged model	31/05/2013	26/10/2013	20/12/2013	Dutch	PDF
Abridged model	31/05/2012	27/10/2012	21/12/2012	Dutch	PDF
Abridged model	31/05/2011	29/10/2011	09/12/2011	Dutch	PDF
Abridged model	31/05/2010	30/10/2010	02/12/2010	Dutch	PDF
Abridged model	31/05/2009	31/10/2009	21/12/2009	Dutch	PDF
Abridged model	31/05/2008	25/10/2008	20/11/2008	Dutch	PDF
Abridged model	31/05/2007	24/11/2007	03/01/2008	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/09/2025 · 3 active · 15 ended

Active mandates

Charlotte WARNEZ

Managing director · since 01 octobre 2024 · until 01 octobre 2030

Active

VIPACO

Managing director · since 01 octobre 2024 · until 01 octobre 2030 · 1002.094.033

Represented by Philippe OPSOMER

Active

WAVANTI

Managing director · since 29 septembre 2020 · until 29 septembre 2026 · 0733.543.395

Represented by Jan WARNEZ

Active

Ended mandates

GREFI

Managing director · since 29 septembre 2020 · until 29 septembre 2026 · 0733.539.437

Represented by Filip WARNEZ

Ended

GREFI

Managing director · since 01 septembre 2019 · until 01 septembre 2025 · 0733.539.437

Represented by Filip WARNEZ

Ended

WAVANTI

Managing director · since 01 septembre 2019 · until 01 septembre 2025 · 0733.543.395

Represented by Jan WARNEZ

Ended

Filip Warnez

Director · since 30 novembre 2015 · until 30 novembre 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring07/11/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring13/08/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates22/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/10/2020
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates09/09/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/11/2019
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/07/2016
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-2 M €↓
2024
Annual accounts 2024529,1 k €↓
2023
Annual accounts 20232 M €↑
2022
Annual accounts 2022-1,1 M €↓
2021
Annual accounts 2021132,7 k €↓
2020
Annual accounts 20201,4 M €↓
2019
Annual accounts 20192,6 M €↑
2018
Annual accounts 20181,5 M €↓
2017
Annual accounts 20172,2 M €↓
2016
Annual accounts 20163,4 M €↑
2015
Annual accounts 2015182,6 k €↓
2014
Annual accounts 2014684,1 k €↓
2013
Annual accounts 2013808,6 k €↑
2012
Annual accounts 2012395,1 k €↓
2011
Annual accounts 20111,1 M €↑
2010
Annual accounts 2010399,6 k €↓
2009
Annual accounts 2009669,6 k €↑
2008
Annual accounts 2008570,4 k €↓
2007
Annual accounts 20071,6 M €
27/04/1992
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

WARNEZ

Overview

What does WARNEZ do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline